UK workers suffer bigger tax hikes than any leading economy after Reeves’ raid Economics Taxes on wages in the UK rose at a faster pace than any country tracked by the OECD as Chancellor Rachel Reeves’ measures have squeezed people’s incomes. A new report by the OECD – the Organisation for Economic Co-operation and Development – has found that taxes in the UK for single workers jumped higher than [...]
Pension ping pong: Now government backtracks on mandation powers Politics The government has been forced to water down controversial mandation powers in the Pension Schemes Bill after prolonged uproar from the pensions industry and opposition MPs and peers. Pensions minister Torsten Bell has tried to push through the bill with a clause that gives ministers the power to force funds to invest in UK infrastructure [...]
Economic optimism slumps to lowest level since records began Economics Brits’ optimism in the state of the UK economy has fallen to the lowest level since records began in a fresh blow to Rachel Reeves, with the majority expecting the situation to get even worse. That’s according to new data from the latest Ipsos Economic Optimism Index (EOI), published the same day that the rate [...]
Peer pressure: Starmer admits former aide was considered for diplomatic role April 22, 2026 Sir Keir Starmer has admitted that he considered appointing Lord Matthew Doyle for an ambassadorial role without the foreign secretary knowing, amid growing questions over the Prime Minister’s judgment in key decisions. The Prime Minister appeared to accept that Doyle, who recently had the Labour whip removed following revelations about his relationship with a sex [...]
Starmer won’t recover from the toxic Mandelson scandal April 22, 2026 Think back to the election campaign of 2024 and you’ll recall that Sir Keir Starmer’s pitch for power wasn’t based on very much. His offer to the electorate was built almost entirely on the well-worn ‘time for change’ argument that opposition politicians across the world cling to when the incumbent has clearly run out of [...]
Robbins: Starmer’s team was ‘dismissive’ about Mandelson vetting April 21, 2026 Former Foreign Office permanent secretary Sir Olly Robbins has criticised Number 10’s “dismissive attitude” to security vetting for Lord Peter Mandelson, who accessed classified files before Robbins, who was recently sacked from his key civil service post, told the Foreign Affairs Committee that there was “constant pressure” on the Foreign Office to give Mandelson clearance [...]
The mysterious media moguls behind London’s pink slime propaganda machine April 21, 2026 Private jets, council estates and links to the Kremlin: Steve Dinneen goes looking for the owners of a pink slime propaganda machine Standing outside a squat, residential tower block on the outskirts of Harlow on a grey winter afternoon, it seems hard to believe this is the headquarters of a media organisation with links to [...]
Job vacancies fall to lowest level in five years April 21, 2026 The UK jobs market took a turn for the worst as job vacancies fell to their lowest level in nearly five years, according to official figures. The Office for National Statistics (ONS) said the number of vacancies fell by an estimate of 29,000 in the three months to March. It is the lowest level of [...]
FTSE 100 Live: Stocks flat as Trump’s deadline looms; Job vacancies shrink; Primark gets spin-off April 21, 2026 Good morning and welcome back to the City AM liveblog. New unemployment figures this morning have showed an unexpected twist where the joblessness rate slipped under the five per cent mark. But this was accompanied by a blow to the market with the number of vacancies fell by an estimate of 29,000 in the three [...]
‘It beggars belief’: Starmer insists he was not told about Mandelson’s vetting fail April 20, 2026 Sir Keir Starmer has insisted he was not told that Lord Peter Mandelson failed a security vetting before telling MPs that “due process” around his appointment as US ambassador was followed. Starmer told MPs on Monday that he asked Whitehall officials to review whether due process was followed last September on whether the security vetting [...]